ASEAN-GCC-China: Three-way Summit seeks economic resilience against US tariffs

[ad_1] ASEAN, Gulf nations, and China convened in Kuala Lumpur to bolster economic cooperation (Image credits: AP) Southeast Asian and Gulf nations are set to hold a three-way summit with China on Tuesday in Malaysia’s Kuala Lumpur, aiming to boost economic ties and strengthen regional cooperation amid growing global uncertainty and rising US trade tension.The […]

Singapore economy beats Q1 forecasts, warns of trade war risks | World News

[ad_1] SINGAPORE: Singapore’s economy rose faster than expected in the first quarter year-on-year, official data showed Thursday, pushed by stronger global demand as businesses rushed to beat the imposition of higher US tariffs.The government, however, warned that downside risks remained as a full-blown trade war between the United States and China could still reignite after […]

Trump announces trade agreement with UK | World News

[ad_1] Trump announces trade agreement with UK (Photo: AP) US President Donald Trump announced Thursday an agreement with Britain on trade, which would be the first such deal since he launched his global tariffs blitz.Trump provided no details about the scope of the agreement, which comes a month after he imposed sweeping tariffs on US […]

The Bank of England is expected to cut interest rates in the face of US tariffs threat

[ad_1] Bank of England (File Photo AP) LONDON: The Bank of England is widely expected to look past near-term inflationary pressures in the British economy and opt to cut interest rates on Thursday as a result of the potential shock to growth emanating from the tariff policies of the Trump administration. Most economists believe it’s […]

Donald Trump Orders 100% Tariff On Movies Produced Outside US

[ad_1] New Delhi: President Donald Trump on Monday announced a 100 per cent tariff on films produced overseas, saying the movie industry in the US was “dying a very fast death”. “Other countries are offering all sorts of incentives to draw our filmmakers and studios away from the United States. Hollywood, and many other areas […]

China claims it is on the ‘right side of history’ in escalating trade war with US

[ad_1] China on Monday said it was “on the right side of history” in the trade war with the United States. US has imposed a whopping 145 percent levy on the arch rival, which responded with a 125 percent tariff on US goods.Top Chinese economic official, Zhao Chenxin, said in a news conference that it […]

CEO’s ‘end of days’ warning as Trump’s tariff shock on China sparks panic among US importers

[ad_1] This is a representational AI image American importers are finding it hard to cope with a wave of new tariffs on Chinese goods announced by US President Donald Trump, with some warning of dire consequences. Rick Woldenberg, CEO of Illinois-based educational toy company Learning Resources, called the situation “the end of days” after Trump […]

Trump’s olive branch to China? US exempts smartphones & computers from global tariffs

[ad_1] In a significant policy adjustment, the Trump administration has announced exemptions for smartphones, computers, semiconductors, and other high-tech electronics from its newly imposed global tariffs. The move, revealed in a Saturday notice by the US customs and border protection office, is expected to ease cost pressures on American consumers while tempering the impact of […]

Beijing has ‘sufficient reserve of policy tools’: Chinese Premier Li Qiang over Trump’s tariff war

[ad_1] Representative image China’s second-highest leader Li Qiang said on Tuesday that the country has the necessary tools to handle economic challenges, following widespread tariffs imposed by the United States, China’s main trading partner. “China’s macroeconomic policy this year takes full account of various uncertainties and has a sufficient reserve of policy tools,” Premier Li […]

Tariff turmoil: Did Elon Musk ask Donald Trump to pull back?

[ad_1] File photo of US President Donald Trump and Tesla and SpaceX CEO Elon Musk (Pic credit: AP) Tech billionaire and DOGE head Elon Musk made direct appeals to US President Donald Trump to reverse sweeping tariffs over the past weekend. According to a report in Washington Post, which cited sources, Musk’s efforts were unsuccessful.Highest-profile […]